Month: February 2026

Explainer-How did Ivory Coast and Ghana’s cocoa sales crisis come about?

By Reuters Commodities First Published 02/26/2026, 11:00 AM,Updated 02/26/2026, 11:48 AM By May Angel The producers of half the world’s cocoa – Ivory Coast and Ghana – have struggled to sell beans and pay farmers this year due to ample global harvests, lower cocoa prices and falling demand from chocolate makers for the ingredient. Why did the two countries fare worse than rival producers and what are they doing to address the problem? HOW DID WE GET HERE? Cocoa is not freely traded in Ivory Coast and Ghana. Rather, the…

Dangote Cement signs $1bn deal with Sinoma for 12 new plants across Africa

by Caleb Obiowo, Nairametrics First Published- February 28, 2026 Dangote Cement Plc has signed a $1 billion agreement with Sinoma International Engineering for the construction of 12 new cement plants and the expansion of existing facilities across Africa. The deal was disclosed by MarketForces Africa following the signing of a Memorandum of Understanding (MoU) in Lagos on Friday. The agreement supports Dangote Cement’s drive to scale production, expand its market footprint, and consolidate its leadership across the continent What they are saying  Aliko Dangote, President and CEO of Dangote Industries Limited, described the projects as key enablers for reaching a production…

AIFF Launched to Strengthen Continental Financial Sovereignty

African Heads of State and Government on February 14, 2026, formally launched the Africa Infrastructure Financing Facility (AIFF), a coordinated, Africa-led platform designed to accelerate the preparation and facilitation of financing for priority cross-border infrastructure projects aligned with Agenda 2063,says an official statement issued in Addis Ababa,Wednesday. The launch took place during the Third Presidential High-Level Dialogue of the Alliance of African Multilateral Financial Institutions (AAMFI), convened on the margins of the 39th African Union Summit under the theme: “Strengthening Africa’s Financial Architecture to Finance Agenda 2063.” Held under the patronage of H.E.…

Upbeats on Non-Interest Banking & Finance in Ghana: Inputs of SEC and NIC Due Soon

Report: Mohammed A. Abu The Special Advisor to the Governor of Bank of Ghana on Non-Interest Banking and finance Prof John Gartchie Gatsi,has disclosed that the Securities Exchange Commission(SEC ) and National Insurance Commission(NIC) have gone very far regarding sukuk and Takaful Guidelines expected to be out, between March-April, 2026. Prof Gasti therefore  advised potential local and foreign  parties interested in rendering services relating to sukuk (non-interest bond) and Takaful (non-interest insurance) to rather  consider engaging directly SEC and NIC and not the Bank of Ghana. The two institutions, he…